Debt Rattle June 26 2016


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    NPC Dedication of Francis Asbury statue, Washington, DC 1924 • Cameron Has Snookered Boris On Brexit, Article 50 (G.) • Brexit: ‘Half’ Of Labour Shado
    [See the full post at: Debt Rattle June 26 2016]

    steve from virginia

    UK abandons the sinking EU ship because it has to.

    City of London banks have £6+ trillion external balance sheet with dicey assets on one side of the ledger. The City cannot finance itself any more much less the rest of the country … and its massive fleet of non-remunerative, fuel guzzling automobiles.

    The 31 million cars — the resource equivalent to 630 million additional Britons — have bankrupted both UK and the EU (and USA and China): the Brexit vote is the English voting against their cars.

    Dr. Diablo

    Could you elaborate on the cars thing? I don’t follow.

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